Hanwa : Notice Concerning Additional Acquisition of Stock of Tatt Giap Steel Centre Sdn.Bhd.
May 21, 2018 at 10:40 pm EDT
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May. 22, 2018
Hanwa Co., Ltd. (hereinafter 'Hanwa') has completed a procedure to acquire 41% of stock of Tatt Giap Steel Centre Sdn. Bhd. (hereinafter 'TGSC') which is a coil center affiliated with Tatt Giap Group Berhad (hereinafter 'Tatt Giap'). The amount for acquisition of stock is 12,300,000 Malaysian Ringgit (approximately 330 million yen).
Establishment year
1994 (Hanwa took part in capital investment in 2013)
Location of head office
Penang State, Malaysia
Location of factories
Plant 1 in Penang State,
Plant 2 in Selangor State
Facilities
6 slitters, 6 levelers, and 6 sharers
Capacity for processing
Monthly approx. 10,000 tons
After this acquisition by Hanwa, the shareholdings will be Hanwa 56%, China Steel Corporation group 34%, and Tatt Giap 10%.
Running TGSC by Hanwa's leadership, Hanwa aims to strengthen their regional business basis, with support by other shareholders, and will expand flat rolled steel business, as the third coil center of Hanwa group in ASEAN area.
In addition, in this region, Hanwa also expects collaboration with Nippon Egalv Steel Sdn. Bhd., an electro galvanized steel mill, controlled by Nippon Steel & Sumitomo Metal Corporation, by handling its products.
For further information, please contact : Hanwa Co., Ltd. Tokyo Headquarters PR Office, Secretarial Department +81-3-3544-2387
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Hanwa Co. Ltd. published this content on 22 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 May 2018 02:39:02 UTC
HANWA CO., LTD. is a Japan-based company mainly engaged in the sale of steel metal raw materials, non-ferrous metals, foods, petroleum and chemical products, wood and machinery. The Company operates through six business segments. The Steel business is engaged in the provision of steel bars, construction works, steel plates, special steels, wires, steel pipes, and scrap iron. It is also engaged in the metal processing and storage. The Metal Raw Materials business is engaged in the provision of nickel, chromium, silicon, manganese, and ferroalloys. The Overseas Sales Subsidiary business is engaged in the sale of products at major overseas bases. The Petroleum and Chemicals business is engaged in the sale of petroleum products, industrial chemicals, chemicals and waste fuels. The Food business provides seafood and livestock products. The Nonferrous Metals business supplies aluminum, copper and zinc, and conducts recycling business. It also manages and operates amusement facilities.
HANWA CO., LTD. 
